IQLECT hires from IBM & Yahoo to strengthen top management

IQLECT, a real-time data analytics startup backed by Exfinity Ventures, has strengthened its top management with hires from IBM and Yahoo as it looks to expand its offerings to large enterprises and increase its clientele in finance and banking.Shadma Shaikh | ET Bureau | December 07, 2016, 09:41 IST

IQLECT, a real-time data analytics startup backed by Exfinity Ventures, has strengthened its top management with hires from IBM and Yahoo as it looks to expand its offerings to large enterprises and increase its clientele in finance and banking.

The startup that offers a service similar to SAP's HANA, wants to tap the global market by partnering with large cloud service providers, banks and fintech companies.

Gayathri Krishna, head of sales at IQLECT, has joined the startup from IBM where she was the executive director and partner for the banking, financial services and insurance (BFSI) sector.

After two decades in the banking domain, she will help the startup find potential clients in the BFSI and fintech sectors, and identify key areas that could benefit from IQLECT's analytics solutions.

Shankar Umamaheshwaran joins IQLECT as chief technology officer and will lead its engineering team. Umamaheshwaran, who carries a decade's experience of working with Yahoo and HP, was also vice-president for engineering at ecommerce startup Jabong.

“Our recent key hires are directed towards finding the correct market fit and making our product ready in terms of processes and structure as we look to working with large cloud providers and banks," said Sachin Sinha, chief executive officer of IQLECT.

The startup's 25-member team also includes former Philips president for south Asia Sameer Garde, who now heads strategy, alliances and partnership, and product lead Vaibhav Pandey, who was worked with Amazon and Flipkart and holds a degree from MIT Sloan School of Management.

Sinha, who has worked as chief technology officer at Limeroad and Jabong, says he wrote his first piece of code for an analytics engine after he finished his stint at Amazon and realised the absence of a homogeneously stitched product that could provide real-time analytics.

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As the Special Chief Secretary & IT Advisor to the Chief Minister - Govt. of Andhra Pradesh, J A Chowdary is all for chasing new growth horizons, pursuing radically different development approaches and outguessing technology trends that will shape the future.

As the Special Chief Secretary & IT Advisor to the Chief Minister - Govt. of Andhra Pradesh, J A Chowdary is all for chasing new growth horizons, pursuing radically different development approaches and outguessing technology trends that will shape the future.